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"Ministry of Agriculture of Kazakhstan publishes recommendations for agricultural producers on the timing of agricultural products sales"
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"Ministry of Agriculture of Kazakhstan publishes recommendations for agricultural producers on the timing of agricultural products sales"

The Ministry of Agriculture of Kazakhstan has given advice to farmers on selling agricultural products: either store the goods for profit or sell now for savings. The recommendations include prices within the country, depending on the region, quality, and delivery. Three action options are provided: "hold the goods", "sell as needed", and "sale". Possible maximum and minimum prices are indicated.

11 July 2024 11 July 2024

The Ministry of Agriculture of Kazakhstan has published recommendations for agricultural producers who are planning to sell various types of agricultural products, including grain, oilseeds, and legumes. These recommendations were developed by the scientific institute "Research on Grain and Oilseeds in Kazakhstan."

According to the information provided, farmers are given the opportunity to make management decisions regarding the need to store the goods until a more favorable moment for sale or to urgently sell them in order to reduce storage costs.

The tables contain weighted average prices, including value-added tax, for products within Kazakhstan, based on prices at the elevator or in the wagon, which are taken into account when concluding contracts. Price levels may vary depending on the region, product quality, and delivery conditions.

The presented recommendations include the following options: "keep the goods" (which means it is recommended to keep the goods in storage until prices become more favorable), "sell as needed" (which means it is recommended to sell the goods gradually when there is a demand for them), and "sale" (which means not to expect price increases, and storing the goods becomes economically impractical).

The potential maximum is the upper price limit that prices can reach in the current season. They are subject to changes depending on the situation.

The potential minimum is the lower price limit to which the product cost can decrease in this season.

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